Chesapeake Utilities Corp reports results for the quarter ended in September 30 - Earnings Summary

Chesapeake Utilities

08/11/2024 04:29

* Chesapeake Utilities Corp  CPK.N  reported quarterly
adjusted
earnings of 78 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 53 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 67 cents per
share. Wall Street expected results to range from 52 cents to 72
cents per share.
    * Revenue rose 21.7% to $160.14 million from a year ago;
analysts
expected $171.85 million. 
    * Chesapeake Utilities Corp's reported EPS for the quarter
was 78
cents​.
    * The company reported quarterly net income of $17.51
million.
    * Chesapeake Utilities Corp shares had risen by 0.3% this
quarter and gained 17.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the natural gas
utilities peer group is also "buy"

Wall Street's median 12-month price target for Chesapeake
Utilities Corp is $132.00 
This summary was machine generated from LSEG data November 8 at
04:29 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.67           0.78           Beat
 Jun. 30 2024      0.80           0.82           Beat
 Mar. 31 2024      2.12           2.07           Missed
 Dec. 31 2023      1.56           1.26           Missed